Are you a motivated business person with an eye for success? Are you looking to contribute to the local economy by providing a highly desirable product or service that helps promote physical activity, fun, and overall happiness? Are you constantly seeking new business opportunities for sale, waiting for the right opportunity to jump out at you?
If those traits apply to you, it’s likely that you’re looking to make an investment in a franchise, and luckily for you the Rebounderz Indoor Trampoline Arena And Extreme Fun Center can help.
Here at Rebounderz, we’re constantly looking for motivated team members to join in our franchise development opportunities and expand our brand to new, exciting locations throughout the United States.
But becoming a member of the Rebounderz team requires more than just slapping our logo outside your building. We want all of our locations to be profitable franchises, which is why we compiled this list of the most important steps franchise owners must take in order to ensure profits and success as soon as possible.
Follow along to learn more, and contact our franchise development team if you’re interested in owning and operating your own family entertainment franchise today.
Step One: Find Your Location
Obviously, the real first step toward running a profitable franchise is to decide which company you want to own and operate For the sake of our blog let’s just go ahead and say you’ve already decided to become a partner in the Rebounderz Extreme Fun Center line of businesses. That was the first great decision you’ve made!
Now, the next step is to choose your location. With the various property restrictions, insurance limitations, and other obstacles, finding a proper location for your franchise may seem like a daunting prospect, but it doesn’t have to be. Choose a spot where your target market will have easy access to your business, where there are no direct competitors, and where you can grow and expand when necessary.
Step Two: Secure Your Finances
Getting your finances in order is the most important and crucial step toward owning and operating a franchise of your own, which you can then turn into a money maker to recoup your initial investment.
Setting up a simple business plan, with financial goals, projections, expenses, and assets, can help you immensely when it comes to applying for a loan and a franchise. If you need help with this process, your friendly franchisor at Rebounderz is available to help.
Our team can also help you with securing your investment, as we are dedicated and motivated to getting your new location open and running as soon as possible.
If you need guidance or assistance, we can work with you and our partners at the U.S. Small Business Administration (SBA) to get your investment in order so that you can get started quickly!
Step Three: Set Your Goals
Going back to that business plan, it’s important that you get both short and long-term goals before you open your doors. This helps you develop a plan, which you should always stick to, before you get caught up in the day-to-day operation of your franchise. The daily routine will soon become time consuming, so make sure you have a clear vision as well as a logical way to make that become a reality.
Step Four: Set Up For Success
One of the greatest advantages of becoming a franchise owner is the vast availability of resources at your disposal. Your franchisor will always provide you with the necessary equipment, documents, and most importantly training methods in order to ensure proper growth and profitability, so be sure you utilize these tools and follow their instructions carefully.
Rebounderz offers impeccable service and support to all of our franchisees, including exclusive territory rights, state-of-the-art and proprietary indoor trampoline equipment, oversight and management of the labor needed to set up your location, implementation of and training for our POS system, software, facility setup, staff training, and a whole lot more. If you truly want to be a profitable franchise owner, you will take advantage of these benefits, as well as participate in ongoing training sessions, conferences, and more in order to stay ahead of the competition and the market in general.
Step Five: Market Your Business
This may be listed as the fifth step, but you should always, always, always be marketing your franchise location. While owning a franchise will already entitle you to existing brand awareness, you still have to find new ways to penetrate your community and target market. Luckily, another benefit of being a franchisee is that you get access to marketing resources and support such as customer mailing lists, website assistance and inclusion, and possibly even a corporate-wide advertising fund that will help drive customers to your new location.
However, it is up to you to do market research, identify your target audience, and take advantage of new industry tactics in order to increase your franchise’s footprint and ultimately become profitable.
Another important way to market your business is to get involved in the community through volunteer work, sponsorships, giveaways, and more. You may also find that networking with other business professionals will go a long way toward gaining referrals and a stronger reputation within the community.
Step Six: Never Stop Learning
Whether you’re attending the conferences and training sessions we mentioned earlier, or you’re studying the successes (and failures) of other companies within your industry, it’s imperative that you always keep learning and never become complacent with your current status. There are always new innovations, technologies, and most importantly challenges when it comes to owning a business, so staying ahead on the trade secrets will only help you grow and succeed. If you’re always learning, that means you’re always working. And if you’re always working then there’s no way you won’t become a profitable franchise in no time!
If you’re looking to join an exciting family entertainment center with an aptitude for success, then consider owning a Rebounderz franchise of your own. Contact us today to learn more.